- Jervois Global (JRV) kicks off work to deliver a bankable feasibility study (BFS) to expand refined cobalt production at its Kokkola Industrial Park in Finland
- The study will explore the potential to construct a new refinery, capable of expanding capacity by at least 6000 metric tonnes of annual cobalt refining
- The expansion will potentially increase the company’s participation in cobalt regeneration, with 10 to 15 per cent of cobalt inputs to be received as recycled units
- It forms part of the company’s wider strategy to become a globally significant supplier of cobalt products
- Shares were trading 10.58 per cent higher today at 86 cents each at 2:20 pm AEST
Jervois Global (JRV) has kicked off work to deliver a bankable feasibility study (BFS) to expand refined cobalt production at its Kokkola Industrial Park in Finland.
The study will explore the potential to construct a new refinery, which will be capable of expanding capacity by at least 6000 metric tonnes of annual cobalt refining.
For efficiency purposes, the refinery will be physically connected to the company’s existing advanced manufacturing plants in Finland.
The BFS will determine the timing for expansion, but the company said it would not need to make any near-term financial investments.
The expansion will potentially increase the company’s participation in cobalt regeneration, with 10 to 15 per cent of cobalt inputs to be received as recycled units.
It forms part of the company’s wider strategy to become a globally significant supplier of cobalt products.
Shares were trading 10.58 per cent higher today at 86 cents each at 2:20 pm AEST.